Increase in Office Demand Follows Tory Win

The property developer company Derwent London has recently reported an increase in the demand for offices. This rise has come after the general election in December of last year, resulting in an influx of businesses looking to open up new workspaces in the UK.

Paul Williams, the chief executive of Derwent London, has claimed that a rising demand could make rent increase by a staggering 4% in just this year alone, with 2019’s total returns having come in at 6.6%, and rental income improving by 10.5%.

The chief executive has further expressed confidence in building more office space in the next few years, located in such major areas as Baker Street.

As well as developing new space, many areas already have a variety of available offices, catering to the unique demands of businesses and their teams. Offices are available across the entirety of the capital, including such locations as Kentish Town, Shoreditch, Paddington and beyond.

 

Increase in Wellbeing Design Trends

Not only has the end of last year and the start of 2020 brought about promising interest in UK office space, it has also seen some major trends for the start of this new decade and beyond.

The focus on employee wellbeing in recent years has brought about some major changes to the priorities of office design, with many now looking for open plan office spaces, with high ceilings and big windows to allow in lots of natural light.

This design can help employees to feel less claustrophobic in their working environment, giving them plenty of space to breathe, and thereby promoting a calm and collected atmosphere.

Additionally, having lots of natural light in the office can improve employees’ focus and make them feel more alert whilst also improving the aesthetics of their work environment.

These kinds of features can all help employees, and clients, to enjoy the office environment, which can improve staff retention whilst also promoting productivity. Many of the latest office design trends are now built around boosting employee wellbeing, as figures have shown a lack of it to have drastic results on the efficiency and productivity of a business.

In 2018, reports showed that a staggering 15.4 million work days were lost due to depression, stress or anxiety, 11.5 million days more than those lost from non-fatal workplace injuries.

With businesses becoming increasingly aware of the importance of mental health and workplace wellbeing, the rising demand in office spaces could follow with a rise in these trends, increasing the promotion of wellbeing in the workplace throughout the country.